Gold climbs Rs 56 on positive global cues

New Delhi, August 18

Gold prices were up by Rs 56 to Rs 29,270 per 10 grams in futures trade on Friday as speculators raised their bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in far-month December was trading higher by Rs 56, or 0.19 per cent, to Rs 29,270 per 10 grams, in a business turnover of two lots.

The yellow metal for delivery in October gained Rs 44, or 0.15 per cent, to Rs 29,115 per 10 grams in 418 lots.

Market analysts said raising of bets by participants following a firm trend in global markets, attributed the rise in gold prices at futures trade.

Meanwhile, gold was trading 0.01 per cent higher at USD 1,287.60 an ounce in Singapore. PTI